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Author Question: The full-employment and full-adjustment level of real Gross Domestic Product (GDP) in the economy is ... (Read 41 times)

awywial

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  • Posts: 577
on: Jun 30, 2018
The full-employment and full-adjustment level of real Gross Domestic Product (GDP) in the economy is represented by
 
  A) the horizontal line at the price level.
  B) the LRAS curve.
  C) the distance between the LRAS curve and the AD curve.
  D) the AD curve.

Question 2

According to the above table, if per capita real GDP is currently 1000, then at a constant annual rate of growth of 8 percent, per capita real GDP ten years from now will be equal to
 
  A) 2140. B) 2160. C) 2000. D) 2590.


dudman123

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


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